House Prices

House Prices & Home Values Grand Marais, MI 2026


Average Data

average house price$349,878
average size per house1853 ft²
average price per ft²189 $ / ft²

04/18/2026 - The value range (VR) for house prices in Grand Marais, MI is $215/ sqft to $215/ sqft. An average home with 1853 sqft costs approximately $398,395 to $398,395. Grand Marais, MI includes 1 ZIP codes and it is located in Alger county. The lowest prices are found in ZIP 49839, while the highest are in ZIP 49839. The average price per sqare feet is $189. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes Grand Marais

49839215 $ / ft²




Historical development of home values in Grand Marais

Year Estimated value (USD) Change vs. 2025
2010 $162,490 -53.6%
2011 $156,206 -55.4%
2012 $155,786 -55.5%
2013 $161,608 -53.8%
2014 $169,644 -51.5%
2015 $178,351 -49.0%
2016 $187,659 -46.4%
2017 $197,787 -43.5%
2018 $208,722 -40.3%
2019 $218,400 -37.6%
2020 $229,691 -34.4%
2021 $261,248 -25.3%
2022 $304,557 -13.0%
2023 $321,169 -8.2%
2024 $339,749 -2.9%
2025 $349,878 0.0%

Graph: estimated home values in Grand Marais over time (USD)



Example: 100% financing house in Grand Marais

Loan amount: $349,878

Interest rate: 6.00%

Fixed monthly payment: $2,097.70

Breakdown in the 1st month:
Interest portion: $1,749.39  –  Principal portion: $348.31

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $20,875.80 $4,296.54 $345,581.46
2 $20,610.80 $4,561.54 $341,019.91
3 $20,329.45 $4,842.89 $336,177.02
4 $20,030.76 $5,141.59 $331,035.43
5 $19,713.63 $5,458.71 $325,576.72
6 $19,376.95 $5,795.39 $319,781.33
7 $19,019.51 $6,152.84 $313,628.49
8 $18,640.01 $6,532.33 $307,096.16
9 $18,237.11 $6,935.23 $300,160.92
10 $17,809.36 $7,362.98 $292,797.94
11 $17,355.23 $7,817.12 $284,980.82
12 $16,873.09 $8,299.26 $276,681.57
13 $16,361.21 $8,811.14 $267,870.43
14 $15,817.75 $9,354.59 $258,515.84
15 $15,240.78 $9,931.56 $248,584.28
16 $14,628.23 $10,544.12 $238,040.16
17 $13,977.89 $11,194.46 $226,845.70
18 $13,287.44 $11,884.91 $214,960.80
19 $12,554.40 $12,617.94 $202,342.86
20 $11,776.16 $13,396.19 $188,946.67
21 $10,949.91 $14,222.44 $174,724.23
22 $10,072.70 $15,099.64 $159,624.59
23 $9,141.39 $16,030.96 $143,593.63
24 $8,152.63 $17,019.71 $126,573.92
25 $7,102.89 $18,069.45 $108,504.47
26 $5,988.41 $19,183.93 $89,320.54
27 $4,805.19 $20,367.16 $68,953.38
28 $3,548.99 $21,623.36 $47,330.02
29 $2,215.30 $22,957.04 $24,372.98
30 $799.36 $24,372.98 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Grand Marais, MI


1500 sqft3900 sqft
Ø selling price$343,035$729,730
Ø fast selling$311,850$656,757
Ø high price sale$374,221$802,702

In 2026, houses in Grand Marais, MI will be offered at an average price of $189 per square foot. A 1,500 sqft home priced at $343,035 is 22.95% more expensive per square foot than a 3,900 sqft home priced at $729,730. Home prices in Grand Marais, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $505,198. Sellers who can wait longer may achieve a higher price of up to $617,463.


Grand Marais, MI Travel Guide

Grand Marais, MI is a serene harbor town on Lake Superior in Michigan?s Upper Peninsula, known for crystal-clear water and wide sandy beaches. This small community offers classic small-town charm and serves as a scenic gateway to Pictured Rocks National Lakeshore.

Top Attractions & Nature

Top attractions include the historic Au Sable Light Station, the sweeping Log Slide Overlook, and shorelines perfect for agate hunting. Nature lovers can hike to Sable Falls and explore miles of forested trails with dramatic cliffs and dunes. Photographers will find golden sunrises, starry night skies, and wildlife along the rugged Lake Superior coast.

Outdoor Activities

Popular warm-weather activities in Grand Marais Michigan include hiking, beachcombing, kayaking, paddleboarding, and fishing in the protected bay.
In winter, deep lake-effect snow turns the area into a playground for snowmobiling, cross-country skiing, and snowshoeing on groomed routes. Visitors can choose from cozy cabins, lakeside campgrounds, and family-run inns, many within walking distance of the harbor and shops.

Food, Events & Practical Tips

Downtown offers hearty restaurants, bakeries, and craft shops, and seasonal events add local flavor to things to do in Grand Marais MI. Reach the village via M?77, check weather and waves before you go, and practice Leave No Trace to help keep this Lake Superior gem pristine year-round.



FAQ – Home Values in Grand Marais

What is the median home value in Grand Marais in 2026?

In 2026, the typical home value in Grand Marais is about $349,878 for an average home size of 1853 square feet. This corresponds to an average price of roughly $189 per square foot.

What is the average cost per square foot in Grand Marais?

In 2026, homes in Grand Marais sell for an average of around $189 per square foot, with a typical range between $215 and $215 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Grand Marais is about 1853 square feet, with an estimated 2026 value around $349,878.



Locations close to Grand Marais, MI

Gulliver, MI150 $ / ft²
Gwinn, MI215 $ / ft²
Hermansville, MI329 $ / ft²
Gould City, MI86 $ / ft²
Gladstone, MI100 $ / ft²
Germfask, MI176 $ / ft²
  imprint  Privacy